Addressing the global toy market
Our guide on the international toy market
2 minute readBetween Brexit and the US-China trade war, the foreign exchange market has experienced some turbulence as of late, impacting the opportunities and challenges in international toy trade.
Since the EU referendum in 2016, the pound has dropped against the dollar and euro, making British imports more affordable for the US and Europe, while imports for Britain have become more expensive, affecting the manufacturing industry as a whole. After Brexit, this could all change with further fluctuations in the pounds, while there could be a range of new trade tariffs and costs for toy companies to swallow.
This has led to companies within the toy industry asking themselves whether they need to set up an office in the EU and how to manage their potential international payroll in the wake of any changes in the currency exchange market.
Such uncertainty has only been exacerbated by the likelihood that, whether toys will be subject to trade tariffs or not, the US-China trade war will also have an impact on the toy industry. As the two major players in international toy trade, it’s widely anticipated that the outcome will have a knock-on effect for toy manufacturers in the UK.
Download our whitepaper for advice on how to manage your company’s foreign currency exposure in the wake of Brexit and the rising trade tensions between the US and China.
Also, visit our Brexit Hub to stay up to date with the latest Brexit developments and their impact on the currency markets.
Whatever your payment needs are, we've got you covered...
Regulatory info | Terms of use | Privacy Policy | Cookie Policy | Modern Slavery Act | Security | Open Banking | Sitemap
None of the information contained in this website constitutes, nor should be construed as financial advice.
Indicative rates are displayed on our website. We use interbank rates as a reference, and these rates should only be used as a guide.
Moneycorp is a trading name of TTT Moneycorp Limited, a company registered in England under registration number 738837. Its registered office address is at Floor 5, Zig Zag Building, 70 Victoria Street, London SW1E 6SQ and it is VAT registration number is 897 3934 54. TTT Moneycorp Limited is authorised by the Financial Conduct Authority under the Payment Service Regulation 2017 (firm reference number 308919) for the provision of payment services.
Moneycorp FRM is a trading name of Moneycorp Financial Risk Management Limited which is authorised and regulated by the Financial Conduct Authority for the provision of designated investment business (firm reference number 452443).
Travel money services are provided by Moneycorp CFX Limited. Moneycorp CFX limited is a company registered in England under registration number 4780562. It is registered office address is at Floor 5, Zig Zag Building , 70 Victoria Street, London, SW1E 6SQ and its VAT registration number is 897 393454.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Explorer™️ Card is issued by Prepay Technologies Ltd (PPS), with its registered office at Floor 6, 3 Sheldon Square, London W2 6HY UK. PPS is authorised and regulated by the UK Financial Conduct Authority for the issuance of e-money with firm reference number 900010.
© Copyright 2024 moneycorp